Brokers Set Expectations for Talos Energy Inc.’s Q4 2021 Earnings (NYSE:TALO)

Talos Energy Inc. (NYSE:TALO) – Equities researchers at KeyCorp cut their Q4 2021 earnings per share (EPS) estimates for shares of Talos Energy in a report issued on Tuesday, October 12th. KeyCorp analyst L. Mariani now expects that the company will earn $0.22 per share for the quarter, down from their prior forecast of $0.25. KeyCorp also issued estimates for Talos Energy’s Q3 2022 earnings at $0.30 EPS.

Talos Energy (NYSE:TALO) last posted its earnings results on Tuesday, August 3rd. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.10). Talos Energy had a negative return on equity of 10.97% and a negative net margin of 82.72%. The firm had revenue of $303.77 million for the quarter, compared to the consensus estimate of $257.94 million.

Several other research firms also recently weighed in on TALO. Zacks Investment Research downgraded shares of Talos Energy from a “hold” rating to a “sell” rating in a research note on Wednesday. Citigroup lowered their price objective on shares of Talos Energy from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, September 9th. Finally, Stifel Nicolaus lowered their price objective on shares of Talos Energy from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Talos Energy has a consensus rating of “Buy” and a consensus price target of $15.50.

Talos Energy stock opened at $12.61 on Thursday. Talos Energy has a 1-year low of $5.71 and a 1-year high of $18.93. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -1.33 and a beta of 3.45. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.42. The firm has a 50 day simple moving average of $12.24 and a 200 day simple moving average of $13.04.

In other news, major shareholder Apollo Management Holdings Gp, sold 66,493 shares of the stock in a transaction on Monday, September 27th. The shares were sold at an average price of $14.12, for a total value of $938,881.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Talos Energy by 24.4% during the 2nd quarter. BlackRock Inc. now owns 6,332,457 shares of the company’s stock valued at $99,041,000 after buying an additional 1,243,388 shares in the last quarter. State Street Corp lifted its holdings in Talos Energy by 169.3% during the 2nd quarter. State Street Corp now owns 1,902,333 shares of the company’s stock valued at $29,752,000 after buying an additional 1,196,009 shares in the last quarter. Encompass Capital Advisors LLC lifted its holdings in Talos Energy by 72.7% during the 1st quarter. Encompass Capital Advisors LLC now owns 2,321,866 shares of the company’s stock valued at $27,955,000 after buying an additional 977,468 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in Talos Energy during the 2nd quarter valued at about $12,716,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Talos Energy by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,324,692 shares of the company’s stock valued at $27,990,000 after buying an additional 483,666 shares in the last quarter. 88.97% of the stock is owned by institutional investors and hedge funds.

Talos Energy Company Profile

Talos Energy, Inc operates as a holding company. The firm engages in the exploration and production of oil and natural gas. It focuses on the exploration, acquisition, exploitation and development of shallow and deepwater assets near existing infrastructure in the United State Gulf of Mexico. The company was founded by John A.

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Earnings History and Estimates for Talos Energy (NYSE:TALO)

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